Why Productivity Growth Is Important To You?

The chairwoman of the Federal Reserve, Janet Yellen, testified on Thursday before the Senate Banking Committee to address their questions and concerns. One key questions which I paid special attention to was in regards to the 3% growth in the next few years. Her response was by expressing the difficulty of the possibility of the … Continue reading Why Productivity Growth Is Important To You?

Should the Federal Reserve taper its bond buying program?

Since Quantitative Easing 3(QE3) started in September2012 the Federal Reserve  began purchasing 40 billion dollars worth of mortgage-backed securities a month. Four short  months later they started buying an additional $45 billion dollars worth of treasury bonds each month for a grand total of $85 billion a month.  The theory behind this plan is: the … Continue reading Should the Federal Reserve taper its bond buying program?